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[2009-09-28] New bridge to maintain Hanoi’s economic boom
New bridge to maintain Hanoi’s economic boom
(Listed Sep 28, 2009)
Prime Minister Nguyen Tan Dung on September 25 inaugurated the Vinh Tuy concrete bridge over the Red River, making it the seventh of its kind leading into Hanoi. The Government leader described the project as a milestone in the national bridge building industry’s development history. “The Government will do its best to introduce more and more practical projects to maintain the capital city’s sustainable ... |
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[2009-09-28] US$300 million for forged and rolled steel project in Ba Ria-Vung Tau
US$300 million for forged and rolled steel project in Ba Ria-Vung Tau
(Listed Sep 28, 2009)
The Pomina Steel Joint Stock Company, the Vietnam Industrial and Commerical Bank (VietinBank) and Concast the equipment supplier have signed an investment contract for the biggest forged and rolled steel project in Vietnam. The project will be located in Phu My industrial zone, Tan Thanh district in Ba Ria-Vung Tau City and has a total investment of over US$300 million. The construction work is sche... |
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[2009-09-26] City needs $250m for traffic works
City needs $250m for traffic works
(Listed Sep 26, 2009)
To improve traffic in Ho Chi Minh City, the city’s Department of Transport has recently completed a priority list of key traffic infrastructure works that need a total investment of over VND4.5 trillion (US$250 million) from now to the end of 2010. Two of the major works are the North-South and East-West corridors, with the former running from District 12 through downtown to Nhe Be District, and the latter from Binh Chanh Distric... |
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[2009-09-25] Hong Kong office rents still world's highest
Hong Kong office rents still world's highest
(Listed Sept 25, 2009)
Despite significant decreases in its rent levels, Hong Kong remains the priciest location in the world for office rentals. The average rental of prime-area offices, known as Class A offices, stood at $138 per square foot, which represented a 35 percent drop year-on-year, but still the highest among other office markets, according to the latest Global Office Real Estate Mid-Year Review published by Colliers International. The f... |
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[2009-09-25] Province-based IPs to build additional over 1.8mln sq.m of housing for workers by 2
Province-based IPs to build additional over 1.8mln sq.m of housing for workers by 2015
(Listed Sept 25, 2009)
Photo: Internet
Province-based Ips expect to absorb 295,000 laborers by 2015, more than 250,000 of whom have the demand for housing with a total area of 2,507mln sq.m. Of the total area, there are 60% (equivalent to more than 1.8mln sq.m) to be built by localities and businesses and the remaining 40% by households. Currently, there are only 13 out of 26 IPs under provincial IPs Manage... |
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[2009-09-25] Property market rebounds, investors lack capital
Property market rebounds, investors lack capital
(Listed Sept 25, 2009)
The property market has shown signs of snapping back after a long period of stagnation caused by the economic slowdown. Businesses are seeking ways to mobilise long-term capital sources for their projects. Developers in dire need of long-term loansAt a seminar in Ho Chi Minh City on September 21, William Ross, a representative of the Hong Kong and Shanghai Banking Corporation (HSBC), said that the property market plays a v... |
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[2009-09-25] HCM hosts 2009 Vietnamwood and Furnitec Fair
HCM hosts 2009 Vietnamwood and Furnitec Fair
(Listed Sep 25, 2009)
The 2009 Vietnamwood and Furnitec Fair will be held at the Saigon Exhibition and Convention Centre (SECC) on September 24-27.The event has attracted 250 companies operating in the fields of wood processing and interior fittings, many of them coming from overseas. Altogether there will be 400 stands displaying a wide range of products and services.In particular, enterprises from the US, China, Italy and Spain will display the ... |
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[2009-09-24] Issues of building houses for workers in southern key economic zone
Issues of building houses for workers in southern key economic zone
(Listed Sept 24, 2009)
Not only Binh Duong, but localities in the southern key economic zone have still had shortcomings in planning and building houses for workers. HCM city is now home to 13 industrial parks (IPs) and export processing zones (EPZs) with 985 investment projects and around 250,000 workers, more than 70% of whom are immigrant ones. Since 2006, the city has built and fulfilled 7 housing projects, supplying accom... |
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[2009-09-24] Three real estate trading floors in Dong Nai in partnership with each other
Three real estate trading floors in Dong Nai in partnership with each other
(Listed Sept 24, 2009)
A signing ceremony of co-operation by three real estate trading floors of Tin Nghia, Sonadezi and Donaland took place in Bien Hoa city, Dong Nai province on 19 September. These are large-scale real estate trading floors in accordance with the Ministry of Construction’s standard.Under the agreement, the co-operation programme will be deployed in the fields of doing business real estate ... |
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[2009-09-24] Nearly US$72 million for banking modernisation project
Nearly US$72 million for banking modernisation project
(Listed Sept 24, 2009)
A seminar was held in Hanoi on September 22-23 to discuss a World Bank sponsored project for management information system and banking modernisation. The project, scheduled to run from now until 2014, will cost US$71.8 million. The WB will loan US$60 million, the Japanese government will finance US$830,000 and the rest will come from Vietnam. The project aims to bring the State Bank of Vietnam (SBV) and the Deposit I... |
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[2009-09-24] REO's $1.2 bln Dublin project to boost construction
REO's $1.2 bln Dublin project to boost construction
(Listed Sept 24, 2009)
Real Estate Opportunities plc said on Monday it had secured planning permission for a 800 million euro ($1.2 billion) regeneration project in Ballymun, one of Dublin's most deprived areas. The 255,000 square-metre scheme, which will include shops, apartments, offices and a cinema, would be a rare boost for Ireland's virtually stalled construction sector if funding is secured and building work starts as planned in 2010. ... |
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[2009-09-23] 2009 Vietnam Real Estate International Exhibition opens
2009 Vietnam Real Estate International Exhibition opens
(Listed Sept 23, 2009)
Ho Chi Minh City opened the 2009 Vietnam Real Estate International Exhibition (VNREA EXPO 2009) at the Phu Tho Sports and Gymnastics Competition House on September 20.
This is the first large-scale real estate exhibition in Vietnam with the aim of meeting the businesses and traders’ demands for real estate.
The exhibition specializing in the real estate and exterior and interior decorations, introducing ... |
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[2009-09-23] Transport ministry orders tighter leash for tender winners
Transport ministry orders tighter leash for tender winners
(Listed Sept 23, 2009)
Any contractor that wins a transport project tender with a bid below 90 percent of the Ministry of Transport’s cost projection will be forced to abide by terms set by the ministry's agencies in provinces and cities. The idea is to ensure that new roads, bridges and such are completed on schedule without affecting the quality of the work.In a statement signed by Deputy Minister of Transport Ngo Thich Duc, t... |
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[2009-09-23] Vietnam steel production outstrips demand by a wide margin
Vietnam steel production outstrips demand by a wide margin
(Listed Sept 23, 2009)
Steel sales in Vietnam are set to rise 20 percent to 4.6 million tons this year but the new plants starting up in the final quarter will boost the country’s 2009 output to 7 million tons, an industry association said. The newcomers include Hoa Phat’s steel-rolling mill in Hai Duong Province and Thang Loi Vietnam Steel Company in Thai Binh Province, both in the north. “We can easily anticipate a ... |
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[2009-09-23] Vietnam needs $31 bil for real-estate development: deputy minister
Vietnam needs $31 bil for real-estate development: deputy minister
(Listed Sept 23, 2009)
Urban areas across the country need 37.5 million square meters of housing every year, costing VND562 trillion (US$31.2 billion), Deputy Minister of Construction Bui Pham Khanh said. At a seminar held in Ho Chi Minh City September 21 on raising capital for development of the real estate market, Mr Khanh said Vietnam currently has seven million people who need to buy or rent 150 million sq.m of housing at a... |
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